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Updates on weekly raw steel production in USA

In the week ending August 16th 2014, domestic raw steel production was 1,919,000 net tonnes while the capability utilization rate was 79.8%. Production was 1,858,000 net tonnes in the week ending August 16th 2013, while the capability utilization then was 77.6%.

The current week production represents a 3.3% increase from the same period in the previous year. Production for the week ending August 16th 2014 is up 1.2% from the previous week ending August 9th 2014 when production was 1,896,000 net tonnes and the rate of capability utilization was 78.8%.

Adjusted year to date production through August 16th 2014 was 60,263 net tonnes, at a capability utilization rate of 77.0%. That is up 0.5% from the 59,959 net tonnes during the same period last year, when the capability utilization rate was 76.9%.

Broken down by districts, here’s production for the week ending August 16th 2014 in thousands of net tonnes: North East: 233; Great Lakes: 679; Midwest: 240; Southern: 675 and Western: 92 for a total of 1,919.

The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends.

The AISI production report AIS 7 published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing over three quarters of US production capacity.

Source – Startegic Research Institute Steel Guru

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